Soupman Inc. (fka SOUPQ)

[OMMB]

WC wouldn't go public since it's a fund. What they could do though is spin GBI out into a public company where they are the majority shareholder. It would make them a lot of money so I wouldn't necessarily call it wishful thinking. It's a conceivable scenario.

How much of the spun out entity existing SOUPQ shareholders would own is completely unknown. Since WC also owns 51% of those shares they might be kind in the restructuring since any equity given to SOUPQ shareholders would only be giving half to themselves.

This would be done in the form of a reverse takeover (RTO) which GBI would propose to the SOUPQ board members and shareholders would vote. Part of that proposal would be the new share structure.

There will probably be backlash to this post because there are a lot of people here who are wishful thinkers and still think SOUPQ shareholders own the Souman assets.

I'm long and think we have something here. But I'm not an idiot that thinks existing shareholders will own 100% of the new company.